“This latest report by MeasureOne demonstrates the continued positive performance trends in the private student loan market. Most notably, early stage delinquencies of loans declined 17 percent to 2.97 percent and serious delinquencies declined 13 percent to 2.55 percent. This is thanks to strong underwriting standards, school certification, and the use of cosigners. The private market, though small, is operating efficiently and successfully for both borrowers and lenders.

“On the other hand, the federal student lending program default rate is five times higher at 15 percent, with students and taxpayers holding over a trillion dollars in debt as a result.”

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.

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The Consumer Bankers Association is the recognized voice on retail banking issues in the nation’s capital. Founded in 1919, CBA provides leadership, education, research and federal representation on retail banking issues. For more information, please contact Tom Crosson, tcrosson@consumerbankers.com, (703) 869-1246or visit www.consumerbankers.com.